ResMed to pay $37.5M, to finalize settlement

It seems like it'd be a lot simpler, all the way around, if they'd just charge less.

Now if they could just remove the Minimum Internet Retail Price BS from their bag of tricks.

What is the difference in ResMed giving sleep labs testing equipment and masks at reduced prices or free and drug manufacturers giving doctors free samples, meals, etc. in order to get them to use a certain medicine over another. Wait, big pharma has a large congressional lobbying group. Evidently the sleep apnea treatment people haven't spent enough on high powered lobby personnel.

Okie bipap wrote: ↑

Thu Jan 16, 2020 5:56 pm

What is the difference in ResMed giving sleep labs testing equipment and masks at reduced prices or free and drug manufacturers giving doctors free samples, meals, etc.

Pfizer was fined $2.3 billion under the same statute.
It's all a bit like giving money to a politician...as some point it changes from legal campaign contribution into a bribe. The line isn't particularly black and white.

And the companies have teams of full-time sharks working to get them the best deal--
bribe, fine, or lobbyist swag: it's all part of doing business.
Regulations are little more than an ILLUSION, meant to keep the wheels from squeaking too loudly.

joeljjk11 wrote: ↑

Thu Jan 16, 2020 2:13 pm

Not even sure what they really did wrong lol, seems like common practices for many companies, like providing discounts and free stuff to their suppliers. Who knows.

Edit: Also their yearly revenue is $2.6 billion so this fine is a joke! Haha!

A slow motion feather slap on the pinky, followed by a wink! Jim

Make the Peasants feel like they have control.... Jim

turbo wrote: ↑

Thu Jan 16, 2020 3:49 pm

. . . greatly missed by many, including me

Me too.

Although a stranger
We considered him
A long-awaited friend

Instead of looking back
May we look around us now
As if time could stand still

It can be therapeutic to find a silly grin somewhere in the old "deep rush thoughts" archives: https://www.cygnus-x1.net/links/rush/de ... oughts.php

Hang in there.

The Anti-Kickback Statute prohibits the knowing and willful payment of any remuneration to induce the referral of services or items that are paid for by a federal healthcare program, such as Medicare, Medicaid or TRICARE. Claims submitted to these programs in violation of the Anti-Kickback Statute are also false claims under the False Claims Act.

Also, Philips Respironics paid out $34.8 million in 2016 to settle a whistleblower lawsuit and DOJ investigation that alleged the company provided its resupply program for free to HME providers that bought its products.

turbo wrote: ↑

Thu Jan 16, 2020 3:49 pm

jnk... wrote: ↑

Thu Jan 16, 2020 3:33 pm

turbo wrote: ↑

Thu Jan 16, 2020 3:24 pm

And today ResMed closes 2 points in the green

I give it a hold rating.

In other words I have made the choice not to decide, much like Neil.

May he RIP. He will be greatly missed by many, including me

I'm fortunate to have seen them live.

Saw them in 1986 touring the Power Windows Album.

Time for some Freewill

https://www.youtube.com/watch?v=thMm9GELnck